The Nigerian federal government, through the Central Bank of Nigeria, has once again raised the exchange rate for cargo clearance, increasing it from N952 per dollar to N1.356 per dollar. This comes after two previous increases in November and December of the previous year.
The Nigeria Customs Service has already implemented the new rate in its operations. Customs agents and freight forwarders expressed concerns about the continuous rate hikes, anticipating that it would lead to an automatic increase in the prices of goods and commodities. They also highlighted potential negative effects on importation, exportation, and vehicle prices.
Some members of the Association of Nigerian Licensed Customs Agents criticized the government for neglecting the maritime industry and failing to address challenges in importation and exportation. The continuous rate adjustments are causing uncertainties and challenges for those involved in customs clearance.
No comments:
Post a Comment